RossLarter

RossLarter Updated 

JSE:OMU was trading in a downward trend but has recently broken through the trend line, come back down to test it as support and seems to be moving upwards again. I will wait for a confirmation above the 1100 level before entering a long position.

RossLarter

A nice Head & Shoulders pattern has appeared on JSE:CFR and with today's movement, it has broken through the neckline. If it continues to play out and head downwards, we could see a move all the way down to the 9400 level.

RossLarter Updated 

JSE:MNP has been trading in a parallel channel since mid April and it seems to be heading toward the bottom of the channel for a possible bounce upward. If it fails to break through the bottom of the channel and bounces off support, I will consider entering a long position on the move up to the bottom of the channel. I will wait for confirmation first before entering.

RossLarter Updated 

JSE:AGL has formed a flat-top triangle and it is looking like we might see a bullish breakout soon. If it breaks through the top of the triangle, I will consider going long with a target around the previous highs of mid-August.

RossLarter

JSE:SBK has been trading in a sideways channel since June. Two days ago, it seemed to be breaking out of the channel in an upward direction, but now it looks like it has found some resistance at the top of the channel. If it fails to break out the top and continues down into the channel, I will consider a short position towards the bottom of the channel.

RossLarter

JSE:HAR seems to be currently breaking out of a descending triangle pattern. If it breaks through the current support level, I will consider entering short.

RossLarter

JSE:NED has broken convincingly through the top of a triangle pattern and could be on its way up for a nice move. The next significant resistance is around the 16000 level which has been a support/resistance level since 2013.

RossLarter

With Friday's upward move, JSE:SLM has convincingly broken through a descending trendline that it has been obeying for quite some time. If it continues upward, I will consider a long position all the way up to the previous resistance level around the 7000 price range. The stochastic, MACD and EMA's are all confirming this upward momentum.

RossLarter Updated 

JSE:RMI is trading in a neutral triangle pattern for now, but a breakout could be imminent. Depending on the direction of the breakout, we could be in for a nice move. I will keep an eye on this one before making any decisions.

RossLarter Updated 

JSE:QLT has been in a bear trend since mid August and seems like it is making a turn. We could be looking at a move all the way up to the 3350 area if it breaks through the resistance around the 3000 level.

RossLarter Updated 

JSE:HAR is looking good for a long position. Stochastic, MACD and the two EMA's are all confirming.

RossLarter Updated 

JSE:GFI is trading in a small channel and is looking like it's on its way to the top of the channel for a small upward move.

RossLarter Updated 

JSE:CLS is looking good for a long position. We could see a move up to the resistance zone at around 25000. With today's movement so far, I would wait for confirmation before entering.

RossLarter

JSE:FSR has broken out of a symmetrical triangle pattern and seems to be moving in an upward direction. If it confirms above the highs of early October, I will consider entering long.

RossLarter Updated 

JSE:IMP is looking good for a long position. The stochastic has crossed upwards from below 20 and the MACD crossed upwards yesterday. The moving averages haven't crossed yet, but a doji formed on the 5th of October which serves as a signal for a possible turning point in the market. We are looking at a target around the previous resistance at about the 17500 level.

RossLarter Updated 

JSE:KIO is heading upward for a long position. The MACD, Stochastic and EMA's are all showing confirmation for a move to the upside. This coupled with the fact that it has recently made 2 higher lows and fails to break lower, could mean a nice move upwards to the previous resistance level.

RossLarter

JSE:ANG has been struggling to make higher highs for a while and is currently at a reasonable support level. If it breaks through the level downwards, I will consider a short position. The target could be all the way down to the support level around the 28500 price range.

RossLarter Updated 

JSE:AMS is showing signs for a possible long position using the momentum trend-following strategy. The bullish engulfing that formed on the 6th of October confirms this.